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Sep 9, 2012 5:00pm EDT
the necessary preparatory work and even in a world where obama gets elected and you have a republican congress, i think we would get fundamental tax reform and i would add that to the list of jobs thing. do we ultimately get to a consumption tax? i'm an economist, so i could make the argument for why we're there, but i don't think that is part of the debate. we are a fair way away from that. i do think one of the risks people are discounting is the notion that for essentially bargaining and strategic reasons, we will go off the fiscal cliff. in the sense the advantage of doing that is the tax rates reset back to where they were at the beginning of the bush administration and you could have a different debate about let's do a big tax reform that includes cutting taxes for most people. that's a more attractive debate for both sides to have than the current one. there is a lot of work like what is the economic consequences of going off the cliff. a lot of it is whether you think it is permanent or temporary. those things are there forever. that's a very bad world. i would argue it's a ba
Search Results 0 to 0 of about 1